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Oregon Camera closes after 47 years

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Thursday, November 29, 2012

Corvallis-based Oregon Camera is shutting down after 47 years in business.

Part of the problem, [owner Rich] Danler believes, is a general lack of disposable income caused by the lingering recession. But he’s convinced the downward spiral has been greatly accelerated by “showrooming,” the growing phenomenon of consumers who treat brick-and-mortar shops like his as places to gather valuable product information before buying elsewhere for the sake of saving a few bucks.

A variety of smartphone apps allow shoppers to make instant price comparisons, sometimes while they’re still in the store. Danler has tried to keep his prices low, but with the cost of overhead such as space rent and salary for a knowledgeable staff, he can’t compete with national discount chains such as Walmart or big online retailers such as Amazon.

Read more at The Corvallis Gazette-Times.

{biztweet}oregon camera{/biztweet}

 

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Old power works like a currency. It is held by few. Once gained, it is jealously guarded, and the powerful have a substantial store of it to spend. It is closed, inaccessible, and leader-driven. It downloads, and it captures.

New power operates differently, like a current. It is made by many. It is open, participatory, and peer-driven. It uploads, and it distributes. Like water or electricity, it’s most forceful when it surges. The goal with new power is not to hoard it but to channel it.

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This month we also take a look at a controversial new U.S. Securities and Exchange Commission rule requiring public companies to disclose the median pay of workers, as well as the ratio between CEO and median-worker pay. 

Part of the 2010 Dodd-Frank financial reform law, the rule will compel public companies to be more open about employee compensation, with the assumption that greater transparency will improve corporate performance and, perhaps, help address one of the major challenges of our time: income inequality.

New power is not only about strategy and tactics, the Harvard Business Review authors say. “The ultimate questions are ethical. The big question is whether new power can genuinely serve the common good and confront society’s most intractable problems.”

That sounds like a call to arms. Or a New Year’s resolution. Old power or new, the goals are the same: to be a force for positive change in the world. Happy 2015!

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